Suburb Profile Report for Alkimos WA (6038)

Alkimos House: Median price $412,000, Annual capital growth 11.58%, Number of sales 103, Weekly median advertised rent $355

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

Property value increases in Alkimos have tracked lower than the WA average of -3.83% over the last 12 months.

Across a shorter period, Alkimos, 6038 has seen a median price increase of -1.67% over the last quarter.

Sellers are offering property buyers an average discount of -7.53% to buyers in Alkimos at the moment, which is less than average for the rest of WA.

Often selling an investment property can take time, and in Alkimos the average time real estate has been on the market is 137.71 days.

A $355 per week rent on the median house gives suburb investors a gross yield of circa 4.48%, without taking into account capital value appreciation, which has been averaging out at 11.58%.

YIP MAG Information supplied by:

YIP MAG
June 2016

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While recent times have been tough for large parts of the Perth market and WA in general, a beachside suburb around 40km north of the Perth CBD has seen no such troubles.Full summary While recent times have been tough for large parts of the Perth market and WA in general, a beachside suburb around 40km north of the Perth CBD has seen no such troubles.

The median house price in Alkimos, a suburb named after a Greek freighter shipwrecked off its coast in the 1960s, sits at a respectable $488,500.

Even more respectable is the recent capital growth seen in the area: the median house price has surged by a remarkable 109% in the past five years.

That impressive run may have come to an end though, with only 2% growth recorded in the past year and houses spending close to 100 days on the market.

The strong growth seen in Alkimos has pulled back the suburb’s rental returns, with yields currently sitting at 4%.Close
Metrics i HOUSE UNIT
$412,000 N/A
-1.67% N/A
-13.26% N/A
11.58% N/A
$355 N/A
103 N/A
4.48% N/A
137.71 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Below average (H)
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